Statistics for single family detached homes in the North Fulton County real estate market for the month of January 2009 are in. North Fulton County is divided into two different areas and we will examine each area and then look at North Fulton County as a whole.
Area 13
Area 13 is the section of the county that is West of Ga. 400 and North of Chattahoochee River to the County lines and includes addresses from Alpharetta and Roswell. In the resale segment of the market there were 47 properties ranging in price from $139,900 to $1,350,000 that went under contract and 11 properties that closed ranging in price from $55,000 to $596,000. In the new construction segment of the market 2 properties went under contract ranging in price from $679,900 to $779,900 and 2 properties that closed ranging in price from $772,500 to $1,350,000.
Area 14
Area 14 is the section of the county that is East of Ga. 400 and North of Chattahoochee River to the County lines and includes addresses from Alpharetta, Duluth, Johns Creek and Roswell. In the resale segment of the market there were 47 properties ranging in price from $128,900 to $775,000 that went under contract and 7 properties that closed ranging in price from $158,900 to $420,000. In the new construction segment of the market 4 properties went under contract ranging in price from $307,172 to $799,900 and 2 properties closed ranging in price from $442,000 to $619,900.
North Fulton County Summary
For the month of January 2009, real estate sales for single family detached homes in North Fulton County looked like this:
• 94 Resale Properties Went Under Contract
• 18 Resale Properties Closed
• 6 New Construction Properties Went Under Contract
• 4 New Construction properties Closed
The resale segment of the North Fulton County Real Estate market is providing the catalyst for the recovery in this area. Compared to December of 2008 resale properties going under contract in North Fulton County increased by 80.76 percent. Hopefully this trend will continue and the entire Greater Atlanta Market will soon flourish and stimulate the economy in our great metropolitan area.